Dollar To Naira
The acting chairman of the Economic and Financial Crimes Commission, Ibrahim Magu on Thursday, November 15, cautioned Bureau de Change operators in the country against aiding corrupt practices of some politicians.
The central bank officials on Wednesday, July 4 held a town hall meeting with businesses in Lagos to introduce the yuan for imports from China ahead of plans to start auctioning the Asian currency later this month.
An economist, Dr Chijioke Ekechukwu, says the naira will gain strength against the dollar when the Nigeria -China currency swap takes effect. Ekechukwu said that the exercise is expected to reduce pressure on the dollar.
The Central Bank of Nigeria (CBN) has again warned Nigerians to stop mishandling naira notes by squeezing, spraying and selling them as any of these acts according to the law will attract a fine of not less than N50,000.
The Central Bank of Nigeria (CBN), in order to sustain stability in the banking sector and the foreign exchange market, has injected $210m into the system with each dealer in the wholesale sector receiving N100m allocation.
A total of 395 physically challenged persons have been elected into various positions during the just concluded ward and local government congresses of the ruling All Progressives Congress (APC) in Katsina state